CVS Profit Up On PBM Business, WellPoint Likely Sole Bid On Amerigroup
CVS Caremark's profit and outlook rise on its pharmacy benefits business while WellPoint may be alone in bidding for Medicaid insurer Amerigroup.
The Associated Press/Washington Post: CVS Caremark's 2nd-Quarter Profit Climbs 18 Percent; Outlook Rises For Drugstore Chain, PBM
CVS Caremark Corp.'s second-quarter net income jumped 18.4 percent, as its drugstores took business from rival Walgreen and an expansion of its pharmacy benefits management segment pushed revenue higher (8/7).
The Wall Street Journal’s Deal Journal: WellPoint Mostly Alone In Amerigroup Hunt
Ever since WellPoint announced plans to buy Medicaid insurer Amerigroup for $4.46 billion last month, analysts have wondered whether other big managed-care firms were also bidders (Kamp, 8/7).
